By: Mark Stern

October Newsletter

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October 2020   Dear Friend,   A record month for the GTA! 11,083 homes sold in September, 42.3 % more than a year ago. As of the end of September, despite Covid,  sales were up 1% compared to the same period last year. Proof of the desire for home ownership in Toronto!   Here are two factors that brought many more buyers into the marketplace. The Canadian government gave out 53...Read More

By: Mark Stern

September Newsletter

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September 2020 Dear Friend, As we enter the Labour Day weekend, restaurants have opened up sidewalk patios, (and are busy), airplanes are flying, daycares are open, and parents and children are getting ready for the resumption of school!  Yes, we have new protocols, we are all wearing masks, washing our hands more frequently, social distancing, but a new state of normalcy has returned. Thi...Read More

By: Mark Stern

August Newsletter

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August 2020   Dear Friend,   All of the Covid based pent up demand for  homes exploded in July as 11,081 homes sold in Toronto , a 29.5 %  increase over July 2019 (8,555 solds) . The average home price for the year as of July 31 was $903,617, a 10.3% increase since December 31 2019. The number of homes available for sale (15,018)  was down 16% compared to July 2019, and th...Read More

By: Mark Stern

June Newsletter

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Dear Friend, The Toronto real estate market experienced a very pleasant but unexpected jump in sales last month. Toronto real estate board members reported the sale of 4,606 homes which was only down 53.7% compared to the month before where the number of sales were down 67% from April 2019. The biggest surprise came in the form of Toronto prices. Despite headline grabbing negativity about Toronto ...Read More

By: Mark Stern

May Newsletter

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Dear Friend,   April statistics are in and I must admit, I am very surprised. Toronto Real Estate Board members sold 2,975 homes through the MLS system. Each home sold has someone who purchased it, so there were a total of 5,950 transactions. Yes those numbers are down 67% compared to April 2019 but much higher than I expected, given the circumstances. The number of new homes coming on the ma...Read More

April Newsletter

By: Mark Stern

April Newsletter

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April 2020, Dear Friend, I hope you and your family are staying safe and healthy during these trying times. It is a difficult time in our history, however, we are very fortunate that it happened in an era of high technology. The internet and cell phones allow many businesses like Amazon, Supermarkets, takeout food delivery services and others to continue to provide services to us, which all limi...Read More

By: Mark Stern

March

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By: Mark Stern

March Newsletter

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By: Mark Stern

February Newsletter

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By: Mark Stern

January Newsletter

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January 2020     Dear Friend,   The unusually active December real estate market is just proof of how strong the desire for home ownership is in the GTA! December’s  4,399 sales were up 17.4% over December 2019’s 3,746 sales! Total sales for calendar year 2019 amounted to 87,825 – up 12.6 % compared to the 78,015 sales reported in 2018 and the average price in...Read More